Development Law 4399/16

Aid Rates and Grant Rates

The percentage of support of each investment project depends on the size of the investment body and the Prefecture in which it is implemented. Businesses are divided into large, medium, small and very small, according to the relevant EU ranking. The determination of the aid percentages is done, based on the per capita gross domestic product (GDP) of each Prefecture. The New Development Law provides for aid of up to 55% depending on the size of the business and the area of establishment.

Eastern Macedonia - Thrace

55%

 

Central Macedonia

55%

 

Thessaly

55%

 

Epirus

55%

 

West Greece

45%

 

Peloponnese

55%

 

North Aegea

55%

 

West Macedonia

45%

(2018-2020 the percentage for Grevena and Kozani will be 30%

Ionian Island

45%

(2018-2020 the percentage will be 30%

Crete

45%

(2018-2020 the percentage will be 30%

Central Greece

40%

(35% for N. Evritania

Attica

40%

 

Southern Aegean Sea

40%

 

The above percentages apply to small enterprises (less than 50 employees with an annual turnover or balance sheet of less than 10 million euros), for medium enterprises the percentage decreases by 10% and for large enterprises decreases by 20%.

What is the minimum investment amount?

The minimum investment amount is set at:

  • € 50,000 for ΚΟΙΝΣΕΠ
  • € 100,000 for very small businesses
  • € 150,000 for small businesses
  • €250.000 for medium enterprises and for cluster
  • € 500,000 for large companies

What are the objectives of the Development Law?

The main objectives of the new Development Law are:

  • The investment restart, especially through the re-industrialization of the country in directions promising immediate and stable results
  • Promoting balanced development by strengthening less-favored areas
  • Assisting, demarcating and guiding the country's development effort at spatial and sectoral level
  • Increasing employment by supporting new and existing companies, which employ skilled manpower, in order to reverse the trend of flight, especially of young scientists.

What is the Development Law?

The Development Law 4399/16 (Government Gazette A '117 / 22.6.2016), concerns investment plans in all sectors of the Economy, subject to specific exceptions. He contributes to the support of investment projects with aid schemes at various levels.

It is the main financial tool for the establishment, expansion, diversification of production and the fundamental change of the entire production process of enterprises. It also enhances the acquisition of all business plant assets that have ceased operations.

This Law consists of four aid schemes

  1. The General Entrepreneurship support scheme
  2. The aid scheme for young independent SMEs
  3. The scheme of reinforcement of mechanical equipment
  4. The major aid scheme
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